- US, US CPI data for November.
- CPI inflation (YoY). Actual: 3,1% y/y. Expected: 3.1% y/y. Earlier: 3.2% y/y.
- Core inflation (YoY). Actual: 4,0% y/y. Expected: 4% y/y. Earlier: 4% y/y.
- CPI inflation (MoM). Actual: 0,1% m/m. Expected: 0% m/m. Earlier: 0% m/m.
- Core CPI inflation (MoM). Actual: 0,3% m/m. Expected: 0.3% m/m. Earlier: 0.2% m/m.
- Dollar softer after publication, 2024 cuts priced in up to 117 from 115 bps.
- Futures contracts tied to Fed policy rate price in March 2024 start to Fed rate cuts.
- It seems that shelter (+6.0% y/y) and motor vehicle insurance (+19.2%) are the only real sources of worrisome upward pressure in prices left.
Annual inflation is falling as expected, although monthly inflation is nevertheless rising marginally. Source: Bloomberg Finance LP, XTB
US100 above weekly high
Fed's Miran signals two more rate cuts this year and disinflationary process🗽
BREAKING: NY Empire better than expected; EURUSD muted 📌
Precious metals at record highs: Gold and Silver shine as the Fed ends its Tightening Cycle
Fed Collins remarks on monetary policy and US economy🏛️EURUSD gains 0.2%
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
